Global Light Field Market – Industry Trends and Forecast to 2025

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Global Light Field Market – Industry Trends and Forecast to 2025

Market Analysis: Global Light Field Market

The Global Light Field Market is expected to reach USD 2201.6 Million by 2025, from USD 755.6 Million in 2017, growing at a CAGR of 14.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Light Field Market

 Light field is that type of photons which can move in all direction throughout all points in a given area. It can also help in identifying the position of point in image through five dimensions (5D).  Light field is utilized in different type of parts namely camera, 3D sensing, autonomous vehicles, telescope and others. There are various application of light field in industry such as designing, healthcare, engineering and others.

Companies such as Raytrix GmbH (Germany) provide R8 / R42 series 3D light field cameras which are based on 42 megaray sensors and provide high resolution up to 10 megapixels at 7 fps. It also provides light field technology with 3D high-speed video capture and  is easy to handle and operate.

According to article published by University of Birmingham, in 2015, a project was going on usage of light field technology in biomedical imaging which helped to capture of the 3-dimensional information in a scene by using a single camera in a single exposure

Hence, due to increase use of light field technology in various industries, the global light field market would rise rapidly in future.

Major Market Drivers and Restraints:

Growing demand for light field technology for producing visual effects in movies
Just-in-time marketing
Increased usage of 4D and 5D technologies
Increased demand of artificial technologies
Rising need for prototyping and growing demand of medical imaging
Lack of infrastructure support to implement light field imaging

Market Segmentation: Global Light Field Market

The global light field market is segmented based on technology, vertical and geographical segments.
Based on technology, the market is segmented in imaging solution, display
Based on vertical, the market is segmented in healthcare and medical, defence and security, media and entertainment, architecture and engineering, industrial
Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Competitive Analysis: Global Light Field Market

The global light field market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of light field unit market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Light Field Market

Some of the major players operating in the global light field unit market Lytro (US), Avegant Corp. (US), FoVI 3D (US), Japan Display Inc. (JDI) (Japan), and OTOY Inc (US). ,Light Field Lab (US), Holografika (Hungary) Lumii Inc. (US), Raytrix GmbH (Germany), Leia (US), NVIDIA Corporation (US), Toshiba (Japan), and Ricoh Innovations (US)., R7 PARTNERS (U.S.)among others.

Research Methodology: Global Light Field Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Light Field Market – Industry Trends and Forecast to 2025